Contributions and roll overs under TTR

Are contributions & roll overs allowed under TTR rules? I have noticed that in the ING Living Super these aren’t allowed.

A: Thanks for the question.


A Transition to Retirement (TTR) pension cannot be commuted, which means you cannot convert to a lump sum.


You can't withdraw more than 10% of the account balance in any year, and you cannot add to it (by contribution or rollover).


So, essentially what ING told you is correct.


You can, however, have multiple TTRs - there is no limit.


Subject to any restrictions by the fund and any potential transaction costs, just commence a new TTR with any rollover.



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